Digital banking
Earn customer loyalty by embedding tailored banking experiences anywhere.
Build a modern digital banking solution quickly and easily
Digital banking has changed how we all view money management. For the new breed of challenger banks, and for those existing banks looking to get ahead, digital banking is seen as a key strategy in the race to increase customer engagement and extend lifetime value.
Digital banking caters to a new market of consumers focused on convenience, transparency, lower fees, and a feature-rich digital experience.
To stay at the centre of the financial lives of your customers, Marqeta allows you to launch new and innovative products and enhancements at speed. These can be managed in real time, enabling you to offer unique services that add value and are disruptive to traditional banking experiences.
Marqeta helps you build a digital banking solution – now
By using customisable physical, virtual, and tokenised cards linked to a primary account, you can create a unique customer experience, with the customisation and differentiation that will help you stand out from the crowd.
Real world: digital banking
Build a modern digital banking solution quickly and easily
Customer opens an account
The customer completes an online application process and is quickly approved.
Tokenised card issued
Marqeta issues a tokenised card (Google Pay/Apple Pay) enabling the cardholder to start spending immediately.
Card presented
The store processes the virtual card just as they would any other Visa or Mastercard.
Prefunds the account
The customer prefunds the account if necessary.
Spend evaluated
Managed or gateway spend controls can be customised for the exact merchant and the start/end date of the instalment loan to minimise fraud.
Auth requested
Marqeta’s platform is contacted by the appropriate network for authorisation.
Notification received
Marqeta webhooks allow real time notifications upon transaction completion.
Funds released
Just-in-Time (JIT) Funding releases funds to the card on approval and in real time to complete the transaction.
Transaction complete
Authorisation is successful and the payment is confirmed.
Customer opens an account
The customer completes an online application process and is quickly approved.
Tokenised card issued
Marqeta issues a tokenised card (Google Pay/Apple Pay) enabling the cardholder to start spending immediately.
Card presented
The store processes the virtual card just as they would any other Visa or Mastercard.
Spend evaluated
Managed or gateway spend controls can be customised for the exact merchant and the start/end date of the instalment loan to minimise fraud.
Auth requested
Marqeta’s platform is contacted by the appropriate network for authorisation.
Notification received
Marqeta webhooks allow real time notifications upon transaction completion.
Funds released
Just-in-Time (JIT) Funding releases funds to the card on approval and in real time to complete the transaction.
Transaction complete
Authorisation is successful and the payment is confirmed.
“Our developers looked at Marqeta’s platform and said that’s exactly how they would have built a payment processing platform if they were building from the ground up. That’s why we chose to work with Marqeta.”
Key benefits for digital banking
Physical and virtual cards
Launch new product offerings using tailored, branded cards.
Tokenisation
Increase adoption and security by integrating cards into digital wallets.
Open APIs
Innovate and rapidly create customised card experiences.
JIT (Just-in-Time) Funding™
Make your own funding decisions in real time and approve/decline transactions at time of transaction using your own criteria.
Data insights
Derive deep customer insights to tailor new products and services.
Card interchange
Increase revenue by expanding and diversifying into card-based products.
